PennyMac Mortgage Investment Trust (PMT) to Release Earnings on Thursday

PennyMac Mortgage Investment Trust (NYSE:PMT) will likely be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $90.23 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PennyMac Mortgage Investment Trust Stock Down 0.7 %

Shares of NYSE:PMT traded down $0.10 during mid-day trading on Tuesday, reaching $12.81. 301,424 shares of the stock were exchanged, compared to its average volume of 692,473. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $13.56. The company has a market cap of $1.11 billion, a P/E ratio of 9.43 and a beta of 1.50.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.50%. The ex-dividend date of this dividend was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 117.65%.

Analysts Set New Price Targets

Several brokerages have issued reports on PMT. JMP Securities reiterated a “market outperform” rating and issued a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Wedbush restated a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.